Canada's Longworth on mon policy, economic outlook

In a speech on 'Monetary policy and the economic outlook' given on 17 March, David Longworth of the Bank of Canada said the Bank will slacken the pace of interest-rate increases as a strong currency slows economic growth by reducing exports and boosting imports.

"The pace of reduction in monetary stimulus is likely to be slower than we had envisioned in October," Longworth said during the speech in Toronto.

The Canadian dollar's rise has also helped keep inflation at or near the central bank's

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